oEnter thesalepriceat which the product was sold until now inMRPRatecolumn

oSpecify0%inAbatementcolumn

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Note:Based on the earlier Valuation Method
transactions would have been recorded. To keep those transactions intact, the
old sales price details have to be entered as shown above.

As per the Budget (2012-13) the value which will be considered for
calculating Excise Duty is30%ofTransactionValue. By this, it is clear that70%is abatement. Hence in the above screen specify theApplicableDateas17-3-2012and thecurrent sale priceunderMRPRatecolumn and70%underAbatementcolumn.

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With the above change if
an excise sale entry is recorded on or after17thmarch 2012,
the excise duty will calculate on theCurrent Sale Price - 70% abatement.

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What do I do, if the Sale Price is required to be changed for each
invoice or there is a frequent change in the sales price?

Suppose,
thesale priceis required to be changed for each
invoice or if the sale price changes frequently then inF12:
Configuration(Sales
Invoice Configuration) enable the option -Allow modification of Excise MRP Rate & Abatement.
This configuration will allow you to modify the MRP rate and abatement in each
transaction.

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